GRAND RAPIDS, Mich., March 3, 2014 (GLOBE NEWSWIRE) -- The non-standard auto market in the U.S. is estimated to be about $35 billion, according to StoneRidge Advisors, LLC and Foremost Insurance has products and capacity to help those agencies wishing to grow profitably. Generally, the non-standard market includes drivers who may have fair or poor credit, may have been involved in a serious at-fault accident, has had a number of claims or has a worse than average driving record, someone with a foreign driver's license, a DUI, or has had a lapse in previous coverage.
Foremost® understands that agencies may be nervous about participating in this market and that's why our team of specialists is available to help agencies build a system that can lead to a profitable book of business.
"The non-standard auto market is a sizable part of the market and larger part of the shopping population. Whether you focus your agency on the non-standard market or the most preferred segment, you will encounter non-standard prospects," says Tim Madden, President of Foremost Auto. "At Foremost, we can help you with your preferred risks and really specialize in the non-standard to standard space. That specialization enables us to give you the low cost and ease of use your agency needs to profitably grow in the monoline auto market."
Foremost accepts a broad range of drivers and driving histories, including drivers with:
- Fair or poor credit
- A recent claim
- A foreign driver's license
- A DUI
- A less-than-perfect driving record
- A lapse in coverage
- An older car
For agents and their customers, the benefits of a Foremost Auto Policy include:
- Multi-policy discount
- One policy for all vehicles in the household
- Dynamite Deductible Endorsement®, reduces the deductible over time with each claim-free policy renewal
- Liability or full-coverage
To learn more about Foremost products or to share feedback, visit www.Foremost.com, our blog at blog.foremost.com, our Facebook page at www.Facebook.com/ForemostInsurance, our Twitter page at www.Twitter.com/Foremost.
A part of the Farmers Insurance Group of Companies®, Foremost Insurance Group ("Foremost") has been a leader in personal lines insurance since 1952. Foremost is headquartered in Caledonia, Michigan. Farmers Insurance Group of Companies is a leading U.S. insurer group of automobiles, homes and small businesses and also provides a wide range of other insurance and financial services products. Farmers Insurance is proud to serve more than 10 million households with more than 20 million individual policies across all 50 states through the efforts of more than 50,000 exclusive and independent agents and nearly 24,000 employees. The Farmers Exchanges are three reciprocal insurers (Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange), including their subsidiaries and affiliates, owned by their policyholders. Farmers Group, Inc., along with its subsidiaries, manages the non-claims insurance operations of the Farmers Exchanges. Farmers Group, Inc. is wholly owned by the Zurich Insurance Group. For more information about Farmers, visit its Web site at www.farmers.com or at www.Facebook.com/FarmersInsurance.
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